Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $6,126 per ton in 2022, declining by -5.3% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 47%. As a result, import price attained the peak level of $8,313 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($22,424 per ton), while the price for China ($3,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $16,830 per ton in 2022, growing by 6.2% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of 74% against the previous year. Over the period under review, the average export prices attained the peak figure at $19,672 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($65,091 per ton), while the average price for exports to Mexico ($10,625 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+144.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines
In 2022, supplies from abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals decreased by -5.2% to 576 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, imports reached the peak of 825 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals fell to $3.5M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports attained the peak of $4.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,238 | 2,432 | 734 | 1,934 | 16.0% |
| Japan | 86.6 | 49.1 | 498 | 548 | 85.0% |
| China | 73.6 | 459 | 1,058 | 374 | 71.9% |
| Malaysia | 53.6 | 35.7 | 166 | 212 | 58.1% |
| India | 31.5 | 42.9 | 156 | 79.7 | 36.3% |
| South Korea | 86.1 | 27.9 | 74.1 | 0.2 | -86.8% |
| Others | 1,967 | 1,684 | 1,247 | 378 | -42.3% |
| Total | 3,536 | 4,731 | 3,932 | 3,527 | -0.1% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to the Philippines in 2022:
- Germany (323.0 tons)
- China (109.9 tons)
- Japan (99.2 tons)
- India (18.9 tons)
- Malaysia (9.5 tons)
- South Korea (0.1 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines
In 2022, after three years of growth, there was significant decline in overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, when their volume decreased by -5.4% to 477 kg. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 817% against the previous year.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals amounted to $8K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 860%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 2.3 | 3.1 | 3.3 | 154.6% |
| Papua New Guinea | 0.1 | 1.1 | 2.6 | 2.5 | 192.4% |
| Vietnam | 0.1 | 0.6 | 1.2 | 1.1 | 122.4% |
| Thailand | 0.1 | 0.6 | 0.7 | 0.7 | 91.3% |
| Mexico | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | 0.3 | 0.2 | 0.3 | 0.0% |
| Total | 0.5 | 5.0 | 8.0 | 8.0 | 152.0% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from the Philippines in 2022:
- China (274.0 kg)
- Papua New Guinea (124.0 kg)
- Vietnam (53.0 kg)
- Thailand (11.0 kg)
- Mexico (8.0 kg)
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